Got the answer ~ JRThrills either takes Stupid Pills on a daily basis OR simply was Born That Way ~ Can't FIX Stupid!!!
Finally the Chinese are getting their JUST desserts ~ I hope The Big 3 decimate the Chines ore/mining biz and let them feel the pain that they've inflicted on the rest of the worlds economies for decades ~ I love what the Billiton boss said, something to the effect that as long as I'm in charge the price will not go over $100 ~ In effect he's putting the Chinamen's mining business out of business ~ Let 'em eat top ramen with no topping Joe, AhSo!
Millsie ~ Do you take Stupid Pills or were you just born that way? ~ Or are you sh_t faced again at 10am? ~ You just don't seem to grasp ANY concept whatsoever!
Millsie ~ you just proved to the entire mb what a total Jag Hoff you truly are ~ The BDI is out way before DRYS posts it on their web page ~ Are you high, drunk, or do you take stupid pills? ~ I'm guessing all three!
Millsie ~ You sound like you're sh_t faced again and its not even 9am NYC time ~ But there's NEVER a bad time to read the Mill_Sap report ~ "Debt, debt, BK, BK's galore, not profitable, can't make money, GE's a #$%$, all will be owned by banks, issue more stock, yada yada yada etc" ~ Hey, I just wrote the Mill-Sap report ~
2nd part of TradeWinds article ~
I don't think it's a foregone conclusion," he said. "While Star has different classes of ships, it has concentrated on the larger ones -- capesizes, panamaxes and kamsarmaxes. I don't know that they'll necessarily want to acquire a company that has all supramaxes. It changes their focus.
"I see the employment agreement as sort of an accommodation so that (Zoullas) would be willing to support the pre pack deal. The cost of breaking the contract is small enough that it would not be a deal-breaker if they really want Eagle."
Zoullas is guaranteed an $850,000 per year base salary under the new terms, with a target cash bonus set at 50% to 75% of that. In the event of termination without cause, Zoullas would receive two times his base pay plus bonus.
Hopefully Zoullous and his buddy Peter G will be sent packing back to the H%ll hole in which they crawled out of; they've both fleeced enough investors for 5 lifetimes ~ The only thing more ridiculous was Villy buying Quintana at the peak of the market ~ He couldn't make a buck if he owned the keys to the US Mint ~ Can't fix stoooo-pudddd!
Looks like you bag holders will be going to Davey Jones Locker with Good Old Soph the #$%$ in the Pilot House ~ Star has made it abundantly clear it has ZERO interest in the Soph Zoullous led bulker ~
from TradeWinds ~
Star Bulk has ruled out the purchase of Eagle Bulk Shipping in the wake of its $634.91m move for Excel Maritime’s fleet.
Star has been tipped to takeover both Excel and Eagle ever since its merger with Oceanbulk in July.
Hamish Norton, president of Star Bulk, today killed off the idea of a swoop for Eagle, which like the previous two captures is backed by Oaktree Capital.
He said on a conference call: “In terms of other Oaktree affiliates, we have no intention of pursuing he acquisition of any other Oaktree affiliated companies.
“I don’t think that is likely to change.”
Financial expects this week had suggested the eventual "roll up" of the Eagle Bulk Shipping fleet into rapidly expanding Star Bulk remained more of a possibility than a foregone conclusion.
Speculation that Eagle's days as an independent company might be numbered has been rife ever since it became clear that private equity's Oaktree Capital Management was stockpiling a major ownership stake in all three companies.
The fans were flamed further this week when Arctic Securities analyst Erik Nikolai Stavseth opined in a research note that he believes Eagle will be next for 103-ship Star.
Not everyone was so sure.
New York-based Eagle is now navigating a pre-packaged Chapter 11 bankruptcy reorganisation in which Oaktree and other hedge funds will emerge with 99.5% control of the company.
As TradeWinds reported last week, current chief executive officer Sophocles Zoullas has been granted a three-year employment contract into 2017. But that is not why the finance man has doubts about a Star-Eagle combination.
"I don't think it's a foregone conclusion," he said. "While Star has different classes of ships, it has concentrated on the larger ones -- capesizes, panamaxes and kamsarmaxes.
O'Bummer and his Crooks at the EPA will no doubt slap old Georgy Boy with a hefty fine so they can then pass it out to African American welfare mothers with 8 kids in exchange for Momma voting Dem ~ SICK!
I posted a report from gCaptain over at Investor Village that stated the Port of Hamburg Germany has more workers in Port than when the boom of 2008 was going on ~ And they are still hiring ~ By my way of thinking that's when the rubber meets the road...When employers on the ground put out the Help Wanted sign and just keep hiring as many people as they can find...then you know something is in the wind ~ Hopefully Ports around the globe are following their lead ~ GLTA!
If your down a few bucks or .50c is that your definition of a "bag holder' ? ~ Many here aren't traders but buy and hold...have day jobs, can't sit all day in front of a computer ~ If the stock is up, someone is down and visa versa ~ Someone always has the other side ~
OK I'll buy that as the shippers and ultimately the end users gotta get the product ~ Now I'm loving it!
Millsie is not JUST a liar ~ He's a pure unadulterated ______ (fill in the blank) ~ There are lots of expletives and adjectives that could be used ~ Take your pick!
Bad news is the Tug Boat operators Down Under are voting on whether to Strike or not sometime very soon (see gCaptain for that report) ~ No ships move without tugs towing them into port and out to sea! ~ That alone could put a real damper on commerce moving forward ~
Millsie ~ Please go to TradeWinds and read the ER reports coming in from shippers of all sorts all around the globe ~ What you are saying and pounding the table over IS NOT TRUE! ~ Of the shippers that are failing their managements couldn't run a lemonade stand but there are many are turning a profit, breaking even, and/or turning the corner to profitability (and granted its over due) ~ You are crying Wolf and NO ONE is listening...Only Laughing!
I'm still under water by a few bucks but have bought in the mid $2's and mid $3's to get that cost average down ~ Also sold way out covered calls and have made some good cash on those which really helped out my situation ~ At $5.50 or $6 pps I'm a memory ~ GLTA!
Personally I don't think its a bad buy especially if its to cost average down. But its been a long road to hoe and I'm just wondering about all this hype for an upbeat 2H; sustainable or will it fizzle like so many times before; will it translate into higher stock prices and if so are those gains "holdable" or do we slip back down the slope as GO did (moving from $2.50 back down to a buck fifty)? Wouldn't mind seeing VLCCF split 2 for 1, see GO reverse split 1 for 2 or 3 and let them merge as equals. Its gotta be better than what we have now.
Agreed...Everyone seems to think so but will it translate into significantly higher stock prices? ~ Will the rally last longer than a JR Millsie F_rt In The Wind? ~ Lets hope we see $6 by EOY 2014 ~